Market Size of Pneumatic Conveying Systems Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Pneumatic Conveying Systems Market Analysis
The pneumatic conveying systems market is expected to grow at a CAGR of around 2.5% during the forecast period. Factors such as rapid industrialization in emerging economies and growing demand for industrial material handling equipment are expected to drive the market across the world. However, due to the outbreak of COVID-19, slow down, or delay of manufacturing projects are likely to hinder the market growth during the forecast period.
- With significant global capital spending expected to come in the pharmaceutical and chemical industries, it is expected that the chemical industry is likely to witness significant growth during the forecast period.
- The government of the United Arab Emirates (UAE) is concentrating on having a higher share of the manufacturing sector in its country's GDP. With its shrinking prospects for investment in the oil & gas industry, the country is planning to diversify its business to other business segments, such as manufacturing. For instance, the Abu Dhabi Economic Vision 2030 aims to grow the non-oil sector by more than 7.5% annually to help the UAE achieve a neutral non-oil trade balance. This move is expected to create an opportunity for the pneumatic conveying systems market in the near future.
- Asia-Pacific is likely to dominate the market during the forecast period, with the majority of the demand coming from China, and India.
Pneumatic Conveying Systems Industry Segmentation
The pneumatic conveying systems market report includes:
| Type | |
| Dilute Phase | |
| Dense Phase | |
| Others |
| End-User | |
| Chemical | |
| Pharmaceutical | |
| Food and Beverage | |
| Others |
| Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| South America | |
| Middle-East and Africa |
Pneumatic Conveying Systems Market Size Summary
The pneumatic conveying systems market is poised for steady growth, driven by rapid industrialization in emerging economies and an increasing demand for industrial material handling equipment. The market's expansion is, however, tempered by challenges such as project delays and slowdowns attributed to the COVID-19 pandemic. The chemical industry, in particular, is expected to experience significant growth due to substantial global capital investments, with pneumatic conveying systems playing a crucial role in transferring chemicals through enclosed pipelines. This sector predominantly utilizes dilute phase systems, which rely on air and pressure differences for efficient material transfer. The pharmaceutical industry also presents growth opportunities, as the demand for active pharmaceutical ingredients continues to rise, further bolstering the chemical sector's expansion.
Asia-Pacific is anticipated to dominate the pneumatic conveying systems market, with China and India leading the demand surge. China, as the largest manufacturing hub globally, significantly contributes to the region's market growth, particularly in the chemical and plastic sectors. The country's expansive chemical business and its status as a leading plastic producer support the increased adoption of pneumatic conveying systems. As the demand for chemicals, medicines, plastics, and food and beverages rises in China and India, investments in these sectors are expected to grow, thereby enhancing the market for pneumatic conveying systems. The market remains fragmented, with key players such as Atlas Copco AB, Coperion GmbH, and Cyclonaire Corporation actively participating in the competitive landscape.
Pneumatic Conveying Systems Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitute Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Dilute Phase
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2.1.2 Dense Phase
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2.1.3 Others
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2.2 End-User
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2.2.1 Chemical
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2.2.2 Pharmaceutical
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2.2.3 Food and Beverage
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2.2.4 Others
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2.3 Geography
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2.3.1 North America
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2.3.2 Asia-Pacific
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2.3.3 Europe
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2.3.4 South America
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2.3.5 Middle-East and Africa
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Pneumatic Conveying Systems Market Size FAQs
What is the current Pneumatic Conveying Systems Market size?
The Pneumatic Conveying Systems Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)
Who are the key players in Pneumatic Conveying Systems Market?
Atlas Copco AB, Coperion GmbH, Cyclonaire Corporation, Palamatic Process and Dynamic Air Inc. are the major companies operating in the Pneumatic Conveying Systems Market.
